TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

The report covers Europe Gas Companies and the market is Segmented by Application (Utilities, Industrial, and Commercial) and Geography (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe). The market size and forecasts are provided in terms of production capacity in billion cubic meters for all the above segments.

The Europe Natural Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location of Deployment (Onshore and Offshore), and Geography (United Kingdom, Norway, Netherlands, Germany, and Rest of Europe). The Report Offers the Market Size and Forecasts for Europe's Natural Gas Market in Revenue (USD Billion) for all the Above Segments.

Discover the latest trends and growth forecasts for the European gas industry. This in-depth analysis examines market size, CAGR, key drivers, restraints, and regional market shares, featuring prominent players like BP, TotalEnergies, and ExxonMobil. Learn about the impact of the energy transition and geopolitical factors on this dynamic sector. Recent developments include: September 2022: Russia's Gazprom announced shipping 42.4 million cubic meters (mcm) of natural gas to Europe via Ukraine. The shift was part of a push by Russia to reduce its reliance on the US dollar., September 2022: The Baltic Pipe was inaugurated at Goleniów, Poland, marking the completion of the Baltic Pipe construction. The pipeline connects various countries, viz., Norway, Denmark, Poland, and neighboring countries. With this project, countries can now import up to 10 billion cubic meters (bcm) of gas annually from Norway to Poland and transport up to three bcm of gas from Poland to Denmark.. Notable trends are: Utility Sector (i.e., Power Generation) Sector Expected to Dominate the Market.

Discover the booming European natural gas market! Learn about its €200 billion valuation, 5%+ CAGR, key drivers, and challenges. Analyze market trends, regional shares, and major players like BP, Shell, and TotalEnergies. Forecast to 2033. Notable trends are: Upstream Sector to Witness Significant Growth.

The European natural gas market, valued at approximately €[Estimate based on "Market size XX" and currency conversion, e.g., €500 billion] in 2025, is projected to experience robust growth, exceeding a 5% Compound Annual Growth Rate (CAGR) through 2033. This expansion is fueled by several key drivers. Firstly, the ongoing energy transition necessitates a shift towards cleaner energy sources, though natural gas serves as a crucial bridging fuel in the short-to-medium term. Secondly, increasing industrialization and population growth across Europe consistently elevate demand. Finally, geopolitical instability continues to influence energy security concerns, leading to a diversification of supply sources and bolstering investments in domestic gas infrastructure and storage capacity. However, challenges exist. Stringent environmental regulations aiming to reduce greenhouse gas emissions impose constraints on the industry's expansion. Furthermore, the intermittent nature of renewable energy sources necessitates reliable backup power generation, which in turn increases the demand for natural gas. Finally, the fluctuating price of natural gas and its vulnerability to global market volatility creates uncertainty for long-term investment planning. Segment analysis reveals significant variations in production, consumption, import, and export patterns across European nations. Countries like Norway and the Netherlands are major producers, while nations like Germany and the United Kingdom are significant consumers heavily reliant on imports. Price trends indicate a complex interplay of supply and demand, influenced by seasonal variations, geopolitical developments, and economic factors. The competitive landscape includes a mix of multinational energy giants such as Chevron, BP, Shell, and TotalEnergies, alongside national energy companies. Their strategies focus on optimizing production, securing supply chains, and adapting to changing regulatory frameworks and evolving consumer preferences. The forecast suggests the European natural gas market will continue its upward trajectory, driven by sustained demand and strategic investments, despite the hurdles posed by environmental regulations and price volatility. The market's future will depend largely on the successful balance between meeting energy needs, reducing carbon footprint, and ensuring energy security. Recent developments include: In September 2022, the German government announced a USD 65 billion plan to help people and businesses cope with soaring prices. Several European nations introduce emergency measures to prepare for a long winter in the wake of disruption in Russian gas supplies to Europe following the Ukraine war., In March 2022, Equinor announced plans to increase gas supply to meet European demands. Increased production permits issued by the Ministry of Petroleum and Energy allow Equinor to maintain high production levels at its Troll, Oseberg, and Heidrun gas fields. Following these permits, the Oseberg and Troll fields will increase exports by around one billion cubic meters (bcm), while the Heidrun field aims to increase gas exports by 0.4bcm for the 2022 calendar year.. Notable trends are: Upstream Sector to Witness Significant Growth.

Russia accounted for 18.19 percent of the value of natural gas imports into the European Union (EU) from non-EU countries in the first quarter of 2025. The share was higher than in the corresponding period of the previous year, but significantly lower than in 2021. The decrease was due to the Western sanctions on Russia over its invasion of Ukraine and the reduction of gas supplies by Gazprom to Europe. Which EU countries import gas from Russia? In 2023, the EU imported 27 billion cubic meters of natural gas via pipelines from Russia, compared to 140 billion cubic meters in 2021. Among the EU countries, Germany was by far the largest importer of natural gas from Russia. Central and Eastern European (CEE) countries such as Poland, Czechia, and Hungary also ranked in the top 10 before the war in Ukraine given their high dependence on Russian gas. After the onset of the war in 2022, Turkey and China emerged as some of the largest buyers of Russian pipeline gas. The future of natural gas in a climate-neutral Europe Gas continues to be the second-most important primary energy source in the EU, after petroleum-based products. However, to stay within the Paris Agreement’s target of 1.5 degrees Celsius, the EU is actively looking for ways to accelerate the transition to more renewable sources of energy, including the adoption of the European Green Deal and the Commission’s "Fit for 55" proposal and RePowerEU plan. Under these sustainable scenarios, the European gas demand is estimated to fall from 617 billion cubic meters in 2018 to 380 billion cubic meters in 2040.

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View monthly updates and historical trends for European Union Natural Gas Import Price. Source: World Bank. Track economic data with YCharts analytics.

The size of the Europe Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.50">> 2.50% during the forecast period. Recent developments include: September 2022: Russia's Gazprom announced shipping 42.4 million cubic meters (mcm) of natural gas to Europe via Ukraine. The shift was part of a push by Russia to reduce its reliance on the US dollar., September 2022: The Baltic Pipe was inaugurated at Goleniów, Poland, marking the completion of the Baltic Pipe construction. The pipeline connects various countries, viz., Norway, Denmark, Poland, and neighboring countries. With this project, countries can now import up to 10 billion cubic meters (bcm) of gas annually from Norway to Poland and transport up to three bcm of gas from Poland to Denmark.. Notable trends are: Utility Sector (i.e., Power Generation) Sector Expected to Dominate the Market.

The size of the Europe Natural Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.00">> 5.00% during the forecast period. Recent developments include: In September 2022, the German government announced a USD 65 billion plan to help people and businesses cope with soaring prices. Several European nations introduce emergency measures to prepare for a long winter in the wake of disruption in Russian gas supplies to Europe following the Ukraine war., In March 2022, Equinor announced plans to increase gas supply to meet European demands. Increased production permits issued by the Ministry of Petroleum and Energy allow Equinor to maintain high production levels at its Troll, Oseberg, and Heidrun gas fields. Following these permits, the Oseberg and Troll fields will increase exports by around one billion cubic meters (bcm), while the Heidrun field aims to increase gas exports by 0.4bcm for the 2022 calendar year.. Notable trends are: Upstream Sector to Witness Significant Growth.

The market is segmented by Technology (Power-to-Hydrogen, Power-to-Methane), Capacity (More than 1000 KW, 100 to 1000 KW, Less than 100 KW), End-User (Utilities, Industrial, Commercial), Geography (United Kingdom, Germany, France, Spain and others)

The Gas Utilities industry in Europe has been anything but steady recently. The Russia-Ukraine war has rocked the whole supply chain, with Russia tightening its gas supply, Europe hustling to cut its reliance on Russian gas and gas prices shooting up following the initial invasion. Amid unprecedented price increases and threats to the supply of gas into Europe, European governments have been forced to step in to support customers and protect energy supplies. All that aside, the industry remains threatened by a long-term decline in gas consumption and accelerating efforts to transition to renewable sources of energy. Revenue is forecast to climb at a compound annual rate of 1.4% over the five years through 2025, reaching €401.9 billion. This growth is almost solely attributable to a spike in revenue recorded during 2022, which followed a recovery from pandemic-induced lows during 2021, when prices and demand recovered as global economic activity rebounded. Russia’s invasion of Ukraine kicked off a period of significant disruption in energy markets, with a surge in gas prices leading to record revenue and profitability for gas manufacturers while causing substantial losses for gas suppliers. Wholesale prices have eased from record highs as European governments have reduced reliance on Russian gas. At the same time, a drop in demand for gas has also contributed to a revenue contraction since the height of the energy crisis. Revenue is set to decline by 3.9% in 2025. Revenue is forecast to increase at a compound annual rate of 1% to €422.2 billion over the five years through 2030. European markets are set to pursue a green revolution in the coming years, with investment in renewable energy sources gathering pace as European governments strive towards emissions reduction targets. Investment in green alternatives to natural gas is likely to lead to a fall in demand, with plans set out by the European Commission to at least triple solar thermal capacity by 2030, displacing the consumption of nine billion cubic metres of gas annually. Gas prices are set to continue to stabilise in the short term, before falling rapidly as renewable generation capacity rises.

European gas prices stay above EUR35/MWh due to stalled Russia-Ukraine peace talks, cold weather forecasts, and LNG supply shifts. Discover the market dynamics and future outlook.

Data collected in the framework of the ACER annual report on the results of monitoring the gas wholesale market. The report looks in depth at the present state of the EU gas markets and their trajectory towards an Internal Gas Market.

Europe Oil Exploration and Production market size is $575.93 Million in 2024 and it is forecasted to reach $808.51 Million by 2031.

Dutch TTF gas futures amounted to ******euros per megawatt hour on November 17, 2025 for contracts with delivery in December 2025. Figures increased compared to the previous week. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around ***** U.S. dollars per million British thermal units in November 2025.

The European Commission publishes regular market analysis reports on European gas and electricity markets and energy prices and costs in Europe. The quarterly reports analyse the main factors behind price and volume evolutions on the market and they analyse gas and electricity market interactions between countries.

This dataset is related to: European electricity market reports

LNG has become the main source of primary gas supplied to OECD Europe. In 2023, LNG imports accounted for ** percent of all natural gas brought to the region. As many European countries are looking for alternatives to Russian piped gas, the LNG market has grown in importance and the region has become the largest destination for U.S. LNG.

Europe’s petroleum and natural gas extraction support services’ revenue is forecast to hike at a compound annual rate of 5.4% over the five years through 2025 to €52.5 billion, including a 10.4% hike in 2025. Widespread disruption caused by the COVID-19 pandemic weighed heavily on extraction and exploration activity in downstream oil and gas markets as poor demand conditions caused prices to plummet, disincentivising new investment and causing support service contractors to offer price concessions to customers, compounding the industry’s weak revenue performance and weighing on profitability. Demand then soared in 2022 as Russia’s invasion of Ukraine led to significant price increases in both oil and gas due to supply uncertainties. This also led to Norway becoming Europe’s largest natural gas supplier in 2022, supporting revenue opportunities for Norwegian contractors. Norway has also increased the level of investment into new oil and gas fields to alleviate uncertainties regarding supply following trade restrictions placed on Russian oil and gas. This is propping up demand for support services despite falling oil and gas extraction in Europe since 2023. Over the five years through 2030, revenue is forecast to climb at a compound annual rate of 7.6% to €102.7 billion. New investments into oil and gas fields will provide contractors with new revenue opportunities, supporting revenue growth and expanding profitability. However, ongoing efforts across Europe to meet environmental and emissions targets, like net zero by 2050, will continue to threaten demand for oil and gas, somewhat limiting revenue growth.